Trident Limited (TRIDENT)

Large Cap

Trident Limited is an integrated home textile manufacturer (Yarn, Bath & Bed Linen) and a producer of Paper, Chemical, and Energy. It is the world's largest wheat straw-based paper manufacturer and a leading integrated home textile manufacturer, with a global presence and 16,000+ workforce.

₹21.35

-0.57 · -2.60%

Market cap ₹11,170 Cr

IndicesNifty 500

ThemesTextiles

Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm IST

Details

Quote21 Oct, 03:31 pm IST

Base fundamentals20 Oct 2026 · screener

Latest result22 Jul, 01:15 am IST

Score21 Oct, 04:30 am IST · v4.3-runtime-valuation

Tags15 Aug 2026

Coverage14/14 · 100%

Valuation2026-07-20 · Rf 6.8% · Textiles P/E 42.1 (n=11)

Technical timing lens

Trend score and candlestick chart

18Strong Bear

full bear SMA stack · SMA20 -6.2% / mo · MACD − · near 52W low

Stock trend: 18

Sector RS: —

Textiles FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Compare peers →

Technical chart

TRIDENTD candles · FIT view-18.4%

Latest close ₹21.35 on 2026-10-21

Bar

-3.0%

RSI

MACD hist

-0.00

52W pos

2026-10-21O ₹22.02H ₹22.02L ₹21.25C ₹21.35Vol 35.8L sh

Up bar

Down bar

EMA 20

EMA 50

Volume + 20D avg

Result date

RSI(14)

MACD / signal

Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

TRIDENTNifty 500

TRIDENT: -14.9%
Nifty 500: -6.5%
Vs Nifty 500: -8.4 pp

Chart stats

21 Oct 2026

From 52W high: -31.0%
52W range position: 1%
ATR (14): 2.4%
Volume vs 20D: 1.20x
Avg traded value: ₹6.8 Cr
20D price channel: ₹21.3 - ₹23.5

No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.

Quarter ended 30 Jun 2026

Average · 37

margin compression · Rev +5% YoY · PAT +13% YoY · +9% QoQ · operating leverage

Revenue: ₹1,787 Cr; YoY +4.7%
PAT: ₹158 Cr; YoY +12.9%
Operating margin: 17.0%; QoQ +300 bps
PAT margin: 8.8%; QoQ +259 bps

Filed 21 Jul 2026Full result & history →

Current-quarter concall

Transcript not linked yet

No source-linked earnings-call transcript is available for this company in the active results quarter.

Search Concall Intelligence

Technical snapshot

Positioning and participation

Stage 4 Downtrend

Current trend context ranked against the Nifty 500. It describes the chart; it is not a buy or sell signal.

RS percentile: 22; +4 ranks over 20D
Stage 2 entry: Not in Stage 2; Current classification: Stage 4 Downtrend
Sector rotation: #4; leading · 5 stocks
Industry rotation: —; Fewer than five rank-eligible peers

Trend structure

Below 20-DMABelow 50-DMABelow 200-DMA

RSI (14)

Weak momentum

MACD

Below signal

Histogram -0.00

Volume participation

1.2x average

Versus 20-session average

20-session position

4% of range

₹21.25 low · ₹23.54 high

Relative performance

vs Nifty 500

1M: -2.8 pp; stock -7.3%
3M: -8.4 pp; stock -14.9%
6M: -12.4 pp; stock -17.6%
1Y: -15.6 pp; stock -23.5%

From 52W high

-31.0%

High ₹30.94

52W range position

₹21.25 - ₹30.94

ATR (14)

2.4%

₹0.52

Avg traded value

₹6.8 Cr

20-session average

Current setup

No confirmed setup attached

Review the chart and detailed technical evidence before drawing a conclusion.

Open detailed technicals →

Research snapshot

What the evidence says now

Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.

Suggested next step

Check latest quarters

Result consistency is weak; verify whether the thesis is improving or deteriorating.

U-Score

Legacy · WATCHLIST

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Quarter ended 30 Jun 2026

Average · 37/100

margin compression · Rev +5% YoY · PAT +13% YoY · +9% QoQ · operating leverage

Filed 21 Jul 2026

Open results browser →

Metric	This quarter	YoY	QoQ
Revenue	₹1,787 Cr	+4.7%	+9.4%
EBITDA	₹300 Cr	+2.7%	+32.2%
Operating margin	17.0%	+0 bps	+300 bps
PAT	₹158 Cr	+12.9%	+54.9%
PAT margin	8.8%	+64 bps	+259 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E: 28.30
P/B: 2.34
EV/EBITDA: 11.09
Market Cap: 11170.00Cr

Profitability

ROE: 7.91%
ROCE: 9.79%
ROA: 5.24%
Dividend Y: 2.27%

Growth (CAGR)

Revenue 5Y: 8.00%
EPS 5Y: 3.00%
Revenue 3Y: 2.00%
EPS 3Y: -6.00%

Balance Sheet

Debt/Equity: 0.38
Interest Coverage: 7.76×
Altman Z: 4.73
Book Value: 9.36

Cash Flow

FCF Yield: 0.75%
FCF Positive Y: 10/5
OCF: 760.00 Cr
EPS TTM: 0.78

Shareholding

Promoter Hold: 73.68%
Promoter Pledge: 0.00%
Momentum 52W: 3%

Financial History

Updated 21/10/2026

Revenue

₹ Cr

Latest: 1,787+9.4% vs prev

Net Profit

₹ Cr

Latest: 158+54.9% vs prev

ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Bearish setup

Trend is weak — long-term trend down. RSI 31.

Price < SMA20 < SMA50 < SMA200 — full bearish stack.
SMA20 falling (~6.6% over last month) — short-term momentum negative.
RSI(14) at 31 — falling, no extreme reading.
MACD below signal but histogram contracting — bearish momentum easing.
Within 5% of 52-week low — testing support.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

RS percentile

Stage 4 Downtrend

1M return

-7.3%

3M return

-14.9%

6M return

-17.9%

1Y return

-26.3%

RS 1D

-2

RS 20D

Sector rank

Industry rank

Stage evidence

Price is 13.1% below the 30-week proxy.
The 50-DMA is below the 30-week proxy and its slope is falling -0.9%.
Both 3-month and 6-month returns are negative.

50-DMA

price below

200-DMA

price below

Sector

leading

Industry

unranked

Relative-strength line vs Nifty 500 (base 100)

262 observations

21 Oct 2026Value 79-1.69%

RS vs Nifty 50079

Valuation & peers

U-Score 35 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies

WATCHLIST

Fundamental score breakdown

U band · WATCHLIST

Valuation6/30

Growth6/25

Quality2/20

Balance Sheet11/15

Cash Flow4/10

Piotroski

8/9 (+5)

Penalties

Raw sum

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

35/100 · legacy band WATCHLIST

Positive drivers

Piotroski is strong at 8/9.
Balance sheet contributes 11/15 to the score.
Cash flow contributes 4/10 to the score.

Main drags

Fair-value margin of safety is negative at -179.6%.
Quality is weaker at 2/20; verify the latest quarterly trend.
Valuation is weaker at 6/30; verify the latest quarterly trend.

Sector valuation model

Cyclical valuation: normalized earnings, not just trailing PE

Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.

Cyclical normalized

Primary lens

Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.

Secondary checks

Current margin versus 5-year average, balance sheet strength, commodity cycle.

Main risk check

A low trailing PE may mean peak-cycle earnings, not true cheapness.

28.3

2.3

EV/EBITDA

11.1

ROE

7.9%

ROCE

9.8%

FCF Yield

0.8%

Debt/Equity

0.4

MoS

-179.6%

Cyclical/value-trap warning

This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.

Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026

v4.3-runtime-valuation

Final score

Previous: 35

Legacy U-Score band

WATCHLIST

Previous: WATCHLIST

Margin of safety

-179.6%

Previous: -187.0%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026

v4.3-runtime-valuation

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number

₹12.82

-66.6% MoS

Growth-justified P/E

9.8

Growth-justified Value

₹7.64

-179.6% MoS

PEG

9.43

Comparable companies

Peers

Business-comparable peers in Textiles — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗

Ticker

Name

Why peer

Score

ROE

MoS

Verdict

Alok Industries Limited

Jindal Worldwide Limited

Sangam (India) Limited

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Where growth can come from, and what can break the case

Thesis under stressReviewed 2026-06-03T18:49:14.964Z

Management commentary snapshot

Q4 FY26 consolidated results show strong sequential recovery with EBITDA up 56% QoQ and PBT up 137% QoQ, driven by improved textile EBIT margins. However, YoY performance declined, with total income down 12.38% and net profit down 23.56%.

While Q4 FY26 saw a significant sequential rebound in profitability, the YoY decline in total income and net profit raises concerns about sustained growth. The textile segment's margin recovery is positive, but the overall revenue contraction needs close monitoring for a robust thesis.

Current business mix

Revenue Split between Segments (FY26)

Latest issuer-disclosed distribution across 3 reported categories.

Yarn31.0%

Bed & Bath Linen53.0%

Paper16.0%

Growth engines

Developing Differentiated Products

Developing new differentiated and innovative products leveraging consumer sentiments and behavior to earn premium.

Catering to Niche Segments

Catering to luxury, fashion accents, & sports segments.

Domestic and Global Presence

Strong domestic and Global presence (2020-2025 phase).

Digital Transformation

Digital Trident and AI driven projects (Going Forward 2026-2030).

Capacity and execution

Solar Power Capacity

An additional 5.40 MWp rooftop solar capacity installed at Budhni facility, increasing total installed capacity to 57.38 MWp.

Tailwinds

Global Home Textile Market Growth

Global Home Textile Market size projected to reach USD 197.28 billion by 2031 at a 6.31% CAGR.

Indian Home Textile Market Growth

Indian Home Textile Market size expected to grow from USD 11.91 billion in 2026 to USD 16.76 billion by 2031 at a CAGR of 7.08%.

India-UK FTA

India-UK FTA signed in July has eliminated tariffs on textile products, which will boost trade.

Management accountability

What management said, and what results must prove

Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.

Analyst reading lens

Compare BOTH

QoQ comparison is crucial to assess sequential momentum and recovery in margins, especially for the textile segment. YoY comparison is necessary to evaluate overall business health and growth against previous year's performance, considering potential seasonality.

Sector KPIs management disclosed

Consolidated EBITDA Margin

Improved QoQ, slightly better YoY

Q4 FY26: 15.05% (vs. 9.99% QoQ, 14.02% YoY)

Consolidated PBT Margin

Improved QoQ, slightly lower YoY

Q4 FY26: 8.87% (vs. 3.87% QoQ, 9.12% YoY)

Consolidated Net Profit

Strong QoQ growth, significant YoY decline

Q4 FY26: INR 1,020 Mn (vs. INR 442 Mn QoQ, INR 1,334 Mn YoY)

Exports as % of Income (Standalone)

Stable QoQ, declined YoY

Q4 FY26: 54% (vs. 53% QoQ, 58% YoY)

Management forward view

Cost Optimization Initiatives

Driving company-wide cost optimization initiatives to reduce conversion cost and enhance margins.

Brand Building

Focus on brand building (2020-2025 phase).

Expansion and Diversification

Future plans include expansion and diversification (2026-2030).

Thesis monitor

Numbers and claims to verify in the next filings

Checkpoint	Current evidence	What to verify next
Textile Segment EBIT Margin	13.36% in Q4 FY26	Sustained improvement and stability above previous year's levels.
Total Income Growth	INR 16,501 Mn in Q4 FY26 (down 12.38% YoY)	Reversal of YoY decline and consistent revenue growth.
Net Debt/EBITDA	1.05x as on Mar'26	Reduction in leverage ratios, especially with increased debt QoQ.
Exports as % of Income	54% in Q4 FY26	Stability or growth in export contribution, given global market opportunities.

Verification checkpoints are IndiaPulse research interpretation, not investment advice.

Trust Score

72Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 69th percentile of the scored universe and 67th percentile within Textiles. Main check: results consistency is weak at 48/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 21 Oct 2026

management-trust-v1

90 docs text-extracted · 23 concalls text-extracted

Score band

Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank

69th percentile

overall median 67 · Textiles: 67th pctile, median 70 · Large: 46th pctile, median 73

Evidence depth

Financial-only

90 documents have extracted text, but claim history is not strong enough yet.

Claim delivery

Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence

What it measures

Reliability of management and financial delivery, using financial behaviour only.

Confidence

Treat this as an early read until more concalls and outcomes are matched.

Investor use

Acceptable, but check the weakest sub-score before increasing exposure.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter

strong · holding, pledge, alignment

Cash flow

strong · profit to cash conversion

Balance sheet

strong · leverage and solvency

Discipline

watch · capital discipline

Results

watch · quarterly consistency

Trust positives

▸Promoter holding is 73.7%.
▸Promoter pledge is zero.
▸FCF yield is positive at 0.8%.
▸10 years of positive FCF.

Trust risks

▸ROE is low at 7.9%.
▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Compare Textiles stocks Browse Indian stocks starting with T Explore fundamental stock screeners Browse Indian investment themes

Related companies

Arvind Limited (ARVIND)Alok Industries Limited (ALOKINDS)K.P.R. Mill Limited (KPRMILL)Jindal Worldwide Limited (JINDWORLD)Sangam (India) Limited (SANGAMIND)

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

Source: Bse

Open source ↗

Verify on:NSE India ↗

All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.

Trident Limited (TRIDENT)

Trend score and candlestick chart

Technical chart

Relative performance and chart statistics

What the evidence says now

Financials

Quarter ended 30 Jun 2026

Fundamentals

Valuation

Profitability

Growth (CAGR)

Balance Sheet

Cash Flow

Shareholding

Revenue

Net Profit

Technicals

Daily technical trend read

Relative Strength & Trend Stage

Valuation & peers

Fundamental score breakdown

Why this score?

Positive drivers

Main drags

Cyclical valuation: normalized earnings, not just trailing PE

Stored run vs live recompute

Score history

Factor attribution

Modelled fair value

Comparable companies

Business, management & trust

Where growth can come from, and what can break the case

Revenue Split between Segments (FY26)

Developing Differentiated Products

Catering to Niche Segments

Domestic and Global Presence

Digital Transformation

Solar Power Capacity

Global Home Textile Market Growth

Indian Home Textile Market Growth

India-UK FTA

What management said, and what results must prove

Consolidated EBITDA Margin

Consolidated PBT Margin

Consolidated Net Profit

Exports as % of Income (Standalone)

Cost Optimization Initiatives

Brand Building

Expansion and Diversification

Numbers and claims to verify in the next filings

How to read this Trust Score

Forensic breakdown

Trust positives

Trust risks

Continue researching Trident Limited

Important announcements & filings

Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Oct - Trident Limited has informed about copy of Newspaper Publication

Sep 2026 · Announcement under Regulation 30 (LODR)-Resignation of Chief Executive Officer (CEO) 28 Sep - Trident Group CEO Samir Joshipura resigns, effective September 30, 2026.

Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 28 Sep - Group CEO Samir Joshipura resigned for personal reasons, effective closing hours September 30, 2026.

Announcement under Regulation 30 (LODR)-Credit Rating 8 Sep - CARE reaffirmed Trident’s ratings: AA; Stable and A1+ on ₹1,536.94 crore facilities.

Aug 2026 · Announcement under Regulation 30 (LODR)-Change in Management 27 Aug - Mr. Amit Gupta appointed CFO and KMP effective August 27, 2026.

Aug 2026 · Announcement under Regulation 30 (LODR)-Updates on Acquisition 17 Aug - Trident incorporated Trident Global Industries Limited on August 17, 2026, with Rs. 5 lakh paid-up capital.

Announcement under Regulation 30 (LODR)-Credit Rating 25 Aug - CRISIL reaffirmed Trident’s AA/Stable and A1+ ratings on Rs 4,000 crore bank facilities and Rs 150 crore commercial paper.

Announcement under Regulation 30 (LODR)-Credit Rating 11 Aug - CRISIL issued a credit bulletin updating Trident’s bank-wise facility details per RBI requirement.

Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Aug - Trident Limited has informed about copy of Newspaper Publication

Jul 2026 · PPT

Jul 2026 · Announcement under Regulation 30 (LODR)-Acquisition 1d - Board approved Q1 FY2027 results and a new domestic wholly owned subsidiary on July 21, 2026.

Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Jul - Trident Limited has informed about copy of Newspaper Publication